Tasmanian startup Varicon has raised $2.25 million in a Seed round for its construction cost management software. The round was led by Sydney VC Black Nova, supported by Andrew Sypkes, Galileo Ventures and Artesian, as well as strategic industry players Slattery Construction chair Josh Slattery, Tidal Ventures co-founder Murray Bleach, Aconex co-founder Leigh Jasper, and… Read more »
Health insurance fund Medibank Private has taken a minority stake in telehealth app Medinet with a $10 million investment. The app offers 24/7 telehealth consultations with a GP as well as door-to-door prescription delivery. The funds will be used to scale and develop the platform’s technology. Founded in 2019 by a group health care professionals,… Read more »
Melbourne-based social media venture Linktree has $152 million (US$110m) in a raise the company describes as a Series B extension. This third round of fresh capital comes 12 months after its initial $59 million Series B. The business is claiming a $1.8 billion valuation on the back of its latest cash injection. Linktree has been… Read more »
Sydney tech startup Kinde has raised $10.6 million (US$7.55m) in seed funding. The round was led by Blackbird Ventures, supported by Californian VC Felicis Ventures, which previously backed local tech companies Canva, Culture Amp and Dovetail. The startup hopes to “democratise” software engineering by providing the infrastructure SaaS ventures need to get started. Kinde was… Read more »
Melbourne-based epilepsy monitoring startup Epi-Minder has raised $16 million bridge financing round. The raise was backed by existing shareholders including Cochlear, the Bionics Institute, the University of Melbourne and Seer Medical, as well as private investors. The venture plans to use the cash to expand clinical trials for epilepsy monitoring device, Minder, as well as… Read more »
Perth-based visual logistics startup SpaceDraft has secured $1.5 million in a Seed+ round. The new capital, from angel investors Dr Tim Haggett, Grant Grosser, and Larry Lopez, takes total funding to $2.7m in three years. The cloud-based web application will use the cash to expand nationally, grow its team and launch into several new industries.… Read more »
Construction technology startup Mastt has raised $9.5 million as it looks offshore for growth. The round was led by OIF Ventures, with participation from Assignar co-founder Sean McCreanor, the company’s Chief Revenue Officer Chris Peterson and Mastt CTO David Jablonski. Existing investors Artesian, Significant Early Venture Capital, Investible and Gravel Road Ventures, also kicked in.… Read more »
Tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest have ramped up their support for a $30 billion project to supply solar power from the Australia to Singapore, leading a $210 million Series B round into Sun Cable. Singapore-based Sun Cable’s $30 billion plan was first revealed in 2019, with Cannon-Brookes and Forrest as cornerstone… Read more »
Gold Coast-based equity management platform Cake Equity has raised US$2.2 million ($A3m) in seed capital. The round was co-led by California investor Jason Calacanis through Launch and its angel platform, TheSyndicate, as well as Australian VC Rampersand. Calacanis is a Cake customer. Airtasker co-founder Jonathan Lui and Practice Ignition founder Guy Pearson also chipped in. Cake… Read more »
Building marketplace ArchiPro has raised $32.6 million in a Series A. The round led by New York-based Tiger Global, with support from Icehouse Ventures, and Queenstown-based Liger Trading. The business previously raised $4.7 million in 2021 from Kogan.com founder Ruslan Kogan and Catch.com’s Hezi Leibovich. The new funds will be used to accelerate ArchiPro’s local… Read more »
The future of leading Australian impact and innovation festival, _Southstart has been secured until 2025 with the South Australian government pledging a three-year funding deal. SA skills and innovation minister David Pisoni announced the government’s commitment during his address to the festival this morning. “The Marshall Government has transformed the innovation, startup and entrepreneurship ecosystem… Read more »
Sydney-based digital health startup Andi Health has raised $600,000 in pre-seed funding. The round was led by Melbourne VC Brenteca Investments. The cash is for Andi to build what it says is “the world’s first human health coach in your pocket”. Andi’s subscription-based health management platform integrates a range of health devices and analytics, combining them… Read more »
New Zealand startup Flowingly has raised NZ$4.5 million (A$4.2m) in pre-Series A capital. The round was led by local VC GD1 (Global from Day 1), with participation from Icehouse Ventures. The fresh cash will be used for ongoing international expansion, with a core focus on the US. Serial SaaS entrepreneur Jon Kalaugher founded Flowingly in… Read more »
Melbourne-based artist marketplace Book An Artist has raised $1 million to support its global ambitions. The round was led by Black Sheep Capital, supported by tech heavyweights such as Airtasker co-founder Tim Fung and Amaysim co-founder Rolf Hansen. Founder Gaurav Kawar launched Book An Artist in 2019 as a platform to connect businesses and people… Read more »
Melbourne cybersecurity startup Cydarm has raised $3 million in its second equity round. The round was led by Japan-focused local VC InterValley Ventures, supported by Five V Capital, with Sydney VC Right Click Capital doubling down on its initial 2018 investment, the company’s first. Several individual cybersecurity execs also chipped in. The funds will be… Read more »
Daily startup news and insights, delivered to your inbox.
